Oil hovers near $76/barrelNews added by ProWEB Media on July 28, 2010
Gary Linnell

ProWEB Media

Joined: December 27, 2005

The price per barrel for oil this morning dropped more than one dollar and hovered near $76 on the New York Mercantile Exchange.

This decline came amid the U.S. Energy Information Administration having reported that crude stockpiles climbed 7.31 million barrels the week previous -- a figure compared with estimates of a 1.6 million barrel rise.

And finally, the Administration also says gasoline and distillate stocks rose, though not as much as had been projected.
The views expressed here are those of the author and not necessarily those of ProducersWEB.
Reprinting or reposting this article without prior consent of Producersweb.com is strictly prohibited.
If you have questions, please visit our terms and conditions
Post Press Release